Greenbrier industrial products' bonds have a 7.6 percent coupon and pay interest annually. The face value is $1000 and the current market price is 1062.50 per bond. The bonds mature in 16 years. What is the yield for maturity ?
Answer: 6.94
Greenbrier industrial products' bonds have a 7.6 percent coupon and pay interest annually. The face value is $1000 and the current market price is 1062.50 per bond. The bonds mature in 16 years. What is the yield for maturity ?
Answer: 6.94
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.